Iraqi dinar hits nine-month high against US dollar, 4 MARCH

 Iraqi dinar hits nine-month high against US dollar

KurdistanIraqi dinarsUS dollarsCentral Bank of Iraq

ERBIL (Kurdistan24) – The Iraqi Dinar exchange rate has reached its highest level in the past nine months, with the currency strengthening against the US Dollar in both the Iraqi and Kurdistan Region markets.

On Sunday, the US Dollar was trading at 147,750 dinars, but it has since appreciated to 145,950 dinars, signaling a positive shift in the national currency’s value.

This significant improvement is largely attributed to the effective measures implemented by the Central Bank of Iraq. The bank’s consistent efforts in maintaining a steady supply of dollars, coupled with a decrease in demand for the US currency, have played a key role in strengthening the dinar. 

Despite rumors surrounding potential sanctions on Iraqi banks, the exchange rate has remained stable, providing further confidence in the resilience of the Iraqi economy.

Kurdistan24.net

EXCERPTS FROM MARKZ, 4 MARCH

 EXCERPTS FROM MARKZ

Member: Have you heard any good RV news over the weekend Mark?

MZ: There is a huge amount of hype going on for tomorrow. If I am hearing this- I am sure you all are hearing it too. Big expectations going on right now on the RV side. 

Member: So if it’s plastered all over the place….guaranteed no notifications will happen. 

MZ: I don’t know. By now, whenever everybody is saying its time. We all, at this point assume it’s not happening. We are numb. Boy who cried wolf , wolf, wolf…..noone believed him…no one was listening anymore……but finally the wolf was really there. So maybe this is positive

Member: Many think Trumps State of the union address to the nation will be big tomorrow night. 

MZ: And Kurdistan oil is supposed to start tomorrow as well. The pipeline is ready. So along with the State of the union speech…it should be a big day tomorrow. We may even see a softball pitch about Nesara. 

AJ: The Rv , It’s a deliberate decision made by the CBI!! @DINARREVALUATION #iraqidinarinvestor

 

Masa'iya" will return next Sunday.. The Iraqi parliament suspends its sessions this week, 4 MARCH

 Masa'iya" will return next Sunday.. The Iraqi parliament suspends its sessions this week

A source in the Iraqi parliament reported on Sunday that the parliament presidency has suspended sessions this week, and that they will resume next week.

The source told Shafaq News Agency, " The Iraqi Parliament Presidency informed the representatives that there will be no parliament session this week."

He added that " the council will resume its regular sessions on Saturday or Sunday of next week," indicating that "the sessions will be held in the evening after breakfast."   

Last week, the member of the Parliamentary Legal Committee, Mohammed Anouz, revealed to Shafak News Agency that the Parliament sessions during the month of Ramadan will be in the evening, i.e. after breakfast, to ensure the continuation of legislative work before the end of the current session .

It is noteworthy that the current session of the Iraqi Council of Representatives began on January 9, 2022, and is scheduled to continue for four years, which means that it will end on January 8, 2026 .

According to the amended Electoral Law No. 12 of 2018, legislative elections must be held 45 days before the end of the parliamentary term  .

Accordingly, the next elections are expected to be held in late November 2025 .  link

TIDBIT FROM PIMPY, 4 MARCH

 Pimpy 

Article: "Iraqi dinar hits nine-month high against the US dollar"

  This is good.  This means the Iraqi dinar has grown in value...It's not much of a jump but if you put things in perspective it seems like a pretty big jump signaling a positive shift in the national currency value.  

 We want this number right here [145,950 to 100 USD] to go down...

 -

 People going...Pimpy, he's a negative guy.  No.  I'm not a negative guy.  I don't understand how people get telling you the truth as something negative.

MAJEED: The relationship between the Iranian Toman and the Iraqi Dinar is inverse!! #iraqidinar